Carter Bankshares, Inc. — Form 10-Q

Carter Bankshares renewed and amended employment agreements for Executive Vice President and Chief Administrative Officer Jane Ann Davis (base salary $300,792.96/year, effective June 18, 2026) and Change of Control Severance Agreement for Arthur Loran Adams (effective same date). Both agreements include standard non-compete (12 months), non-solicitation, confidentiality, and severance provisions tied to termination scenarios. Davis receives 12 months base salary + 12 months health coverage if terminated without cause; Adams receives 1x base salary + 1x average bonus (3-year) plus 12 months health subsidy if terminated without cause within 2 years post-change of control.